Wausau home sales up 18 percent from last year

High-end houses not selling because of high property tax

12:40 AM,
Oct. 27, 2013

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Home sales across the country are surging back in the wake of the Great Recession, and Wausau is riding that wave - with one notable exception.

The sale of existing Wausau homes is up 18 percent this year as compared with last year, which is well above the state average of 13.6 percent. But one sector of homes is stubbornly refusing to rebound.

So far this year, just three houses in the metro area have sold for $300,000 or more, and just four high-end homes sold in 2012, according to Ron Zahrt, president of the real estate agency First Weber Group for northern Wisconsin. ...